Guidehouse Insights Finds Global Growth in Demand for Decentralized Power Generation Technologies Such as Microgrids Despite Supply Chain Issues

Decreased technology costs and improved control functionality are spurring growth in most regions  

BOULDER, Colo., March 29, 2022 /PRNewswire/ -- A new report from Guidehouse Insights provides global estimates for annual deployments of microgrid projects, focusing on power capacity and project deployment spending through 2031.

The role of a microgrid in the contemporary power system is vast and varied. There is a significant increase in the electricity demand in the economy due to the increased inclination toward digitalization. Penetration of EVs, which is a paradigm shift in the transportation sector, again proves the claim of increasing electricity demand in an economy. According to a new report from Guidehouse Insights, the global growth in demand for decentralized power generation technologies such as microgrids is increasing despite supply chain issues.

"There has been a shift from centralized generation to more decentralized and distributed energy resource (DER)-based generation paradigm, including microgrids," says Rohith Unni, research analyst with Guidehouse Insights. "Although the coronavirus pandemic has affected the supply chain, the microgrid market still showed overall progress globally."

Cost reduction and performance improvement are the most significant drivers for microgrid technologies. Microgrids are not a single technology but are a cluster of many technologies and an optimization platform. When all the components work together consumers can obtain the maximum benefits from the system in terms of resiliency, economics, and sustainability, according to the report.

The report, Market Data: Microgrid Markets, provides global estimates for annual deployments of microgrid projects in terms of power capacity and project deployment spending. These projections are then segmented by region, application segments, and business models, covering a 10-year period from 2022-2031. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights 
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 12,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

* The information contained in this press release concerning the report, Market Data: Microgrid Markets, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact: 

Jennifer Peacock 
+1.404.575.3859
[email protected]

SOURCE Guidehouse Insights